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ABORIGINAL AND TORRES STRAIT ISLANDER ACT 2005 - SECT 144W

TSRA Land and Natural Resources Fund

  (1)   There is established by this subsection a fund to be known as the TSRA Land and Natural Resources Fund.

  (2)   There is to be paid into the TSRA Land and Natural Resources Fund such amounts of the TSRA's money as the TSRA determines in writing.

  (3)   Money in the TSRA Land and Natural Resources Fund may be spent only:

  (a)   in developing and implementing the marine strategy referred to in subsection   142D(3); or

  (b)   in developing or maintaining real estate; or

  (c)   in acquiring an interest in land under subsection   142F(3); or

  (d)   in making a grant of money under section   142F or 142GA on condition that the money be spent for a purpose described in paragraph   (a) or (b) or in acquiring an interest in land.

  (4)   Subsection   (3) does not prevent the investment of money under section   59 of the Public Governance, Performance and Accountability Act 2013 .



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